New EPA Rule Seeks to Reduce Greenhouse Gas Emissions from Existing Power Plants

10 June 2014
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Key takeaways:

  • The United States Environmental Protection Agency has issued a proposed rule under the Clean Air Act that would require existing power plants in all states to reduce carbon dioxide emissions to 30% below 2005 levels by 2030.
  • The proposed rule is designed to give power generators flexibility in how they comply with the new standards; reductions can be achieved through fuel switching, renewable energy development, energy efficiency measures and participation in cap-and-trade programs.
  • The EPA expects to issue final rules by June 2015.